Security Code 0; Price And Yield To Maturity - Monroe 3180 User Manual

Security Code 0 calculates Municipal, Corporate, and Federal Agency Bonds as well as any security
which pays periodic interest on a 30/360 (30 day month/360 day year) calendar. Refer to Appendix B for
a more complete list of securities and the day count basis.

PRICE AND YIELD TO MATURITY

EXAMPLE: A 8.5% Municipal Bond maturing on April 9, 11996 is sold to yield 9%. Find the dollar
price and the current yield.
ENTER
0
6.2487
To FED/MUNI switch and status line should be set as follows for this example:
FED/MUNI SWITCH to MUNI
ENTER
8.5
4.0996
9
The same bond is bought at a price of 96.5. What is the yield to maturity?
ENTER
96.5
NOTE: Since the settlement date, maturity date and coupon had already been stored, they need not be
re-entered.
SECURITY CODE O
PRESS RESULTS DISPLAYED
CODE

Security Code 0

SETTLEMENT Settlement Date Wed. 06-24-87
DATE
C=0 PER 30/360 SEMI 06-24-87 MATURITY
PRESS RESULTS DISPLAYED
COUPON Coupon Rate 8.500%
MAT Maturity Date Tue.
DATE
END
TO Price 96.983(M)
PRICE
CURR Current Yield 8.764%
YIELD
PRESS RESULTS DISPLAYED
TO Yield 9.083% (M)
YIELD
MONROE TRADER II
04-09-1996
11